Sunday, August 10, 2025
China slashes fuel export quotas in first 2022 tranche- oil and gas 360

China slashes fuel export quotas in first 2022 tranche

World Oil (Bloomberg) –China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales. A total of 13 million tons were issued, including both general trade and tolling issuances, according to refinery officials who have direct knowledge of the matter. That’s 56% less than

Canadian dollar rebounds as oil prices climb- oil and gas 360

Canadian dollar rebounds as oil prices climb

Reuters The Canadian dollar strengthened against its U.S. counterpart on Tuesday, with the currency clawing back some of its decline from the prior day as oil prices rose and domestic data showed factory activity expanding at the slowest pace in five months. The price of oil, one of Canada’s major exports, rose as OPEC+ producers agreed to stick with their

Defying U.S. sanctions, Venezuela doubles crude oil exports- oil and gas 360

Defying U.S. sanctions, Venezuela doubles crude oil exports

World Oil (Bloomberg) –Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions. Shipments averaged 619,000 barrels a day in December. The OPEC-founding member increased exports for a third straight month with the support of ally Iran, which boosted the supply of a key ingredient that